Saturday, May 10, 2008
Buy High, Sell Low - Part 2
Sharp real estate wheeler and dealers it appears the majority of the McHenry County Board aren't.
I mentioned in an article a month ago how we taxpayers had managed to buy the new Route 14 and Woodstock Street animal control-health department facility when the real estate market was hot.
I guess I shouldn't complain that the county board has finally figured out that Crystal Lake is in McHenry County and that every facility doesn't have to be at the Hebron site in Woodstock. It really seems to make sense that there be some outposts that are more conveniently located for the majority of taxpayers than is the county government center.
And, I guess one couldn't expect that the county board would know that the real estate market was about to crash when the Crystal Lake purchase was made.
That cannot be said today.
The market has been predictably headed south since at least the 2006 Carpentersville District referendum campaign.
So, the Northwest Herald's Regan Foster report of the McHenry County Board's voting 18-4 to sell the old Banford Road facility surprises me. The property is on the growth tip of Woodstock with lots of nearby residential property.
Board member and Woodstock resident Tina Hill is quoted as saying,
But this is not the time to sell.
Unfortunately, the names of those who voted “No” were not in the article.
I figure they should be know, so here they are:
I mentioned in an article a month ago how we taxpayers had managed to buy the new Route 14 and Woodstock Street animal control-health department facility when the real estate market was hot.I guess I shouldn't complain that the county board has finally figured out that Crystal Lake is in McHenry County and that every facility doesn't have to be at the Hebron site in Woodstock. It really seems to make sense that there be some outposts that are more conveniently located for the majority of taxpayers than is the county government center.
And, I guess one couldn't expect that the county board would know that the real estate market was about to crash when the Crystal Lake purchase was made.
That cannot be said today.
The market has been predictably headed south since at least the 2006 Carpentersville District referendum campaign.
So, the Northwest Herald's Regan Foster report of the McHenry County Board's voting 18-4 to sell the old Banford Road facility surprises me. The property is on the growth tip of Woodstock with lots of nearby residential property.
Board member and Woodstock resident Tina Hill is quoted as saying, “I’m really glad for the city of Woodstock and for us. It’s the neighborly thing to do.”The board did agree to an open sale, for which its members deserve praise.
But this is not the time to sell.
Unfortunately, the names of those who voted “No” were not in the article.
I figure they should be know, so here they are:
- Marc Munaretto (R-Algonquin)
- Virginia Peschke (R-Woodstock)
- Randy Donley( R-Union)
- John Hammerand (R-Wonder Lake)
Labels: Banford Road, John Hammerand, Marc Munaretto, McHenry County Board, Randy Donley, Virginia Peschke
